Wyndham’s $7.8B ‘Choice,’ Bitcoin’s Bounce, & Presidential Politics in Israel 10/17/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 17 October 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Biden is headed to the Middle East. Former Supreme Allied Commander of Nato Admiral James Stavridis discusses the explicit and implicit politics at play in the Presidential trip to Israel and Jordan. Guggenheim Partners Executive Chair Alan Schwartz discusses his outlook for recession and the greatest risks to the American economy. The last CEO of Bear Stearns also explains his concern for the federal budget. Plus, Choice Hotels has offered a nearly $8B deal to take over Wyndham Hotels and Resorts, and Rep. Jim Jordan (R-Oh.) is hoping for a favorable vote in the still-leaderless House today. Other stories Squawk is watching: Bitcoin’s bounce on a now-retracted CoinTelegraph report, and ‘remote work cities,’ just a pandemic pipe dream. Alan Schwartz - 10:02 Adm. James Stavridis - 21:17 In this episode: Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C NBC producer Katie Kramer, today on Squawk Pod.
0:09.0	Recession, debt, and the banking system with Guggenheim's executive chair and former CEO of Bear Stearns, Alan Schwartz.
0:16.0	We believe there's a recession coming.
0:18.0	Now, we don't know how deep.
0:20.0	It's hard to know.
0:21.0	Plus, what he's worried about.
0:22.0	The biggest impact that I worry about is on... hard to know. Plus, what he's worried about.
0:22.7	The biggest impact that I worry about is on the federal budget.
0:27.6	And President Biden heading to the Middle East.
0:30.0	It's a big vote of confidence in Israel.
0:33.8	Admiral James Stevritus on the high stakes.
0:36.4	It's a powerful show of force, and it's designed to deterring wrong.
0:42.0	Plus the budget hotel deal in the making, the Bitcoin bounce, Jim Jordan's chances, and work from home,
0:48.0	that's so three years ago.
0:49.0	If you're going to go in more than once a quarter or something, better be closer. You got to kind of live there.
0:54.0	It is Tuesday October 17th, 2023. Squawk Pod begins right now.
1:00.0	Stand back you by in three two one cue please
1:05.2	Good morning and welcome to squawk box right here on see NBC. We are live from the NASDAQ market site in time square
1:11.5	I'm Becky quick along with Andrew Ross
1:13.4	Sorkin. Joe is off today. Let's talk about the price of Bitcoin because it has
1:17.7	been quite volatile. Shout up yesterday in a big way but then pulled back
	...

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